161 CLARKE ROAD, London East (East H)
$125,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® X13516604
- Neighbourhood
- East H
Excellent opportunity to own a well-established restaurant in a prime, high-traffic location. This successful business has been operating for many years and offers approximately 1,500 sq. ft. of well-maintained space with excellent visibility and steady customer traffic. The premises feature seating for 24 guests with LLBO licence, a walk-in cooler, walk-in freezer, 6-ft commercial range hood, and a fully equipped kitchen ready for continued operation. Change of use may be possible, subject to landlord and municipal approvals, making this an ideal opportunity for a variety of food concepts. Please note that Indian cuisine and pizza concepts are not permitted. Attractive lease terms with a current lease in place until May 30, 2030, plus a 5-year renewal option. Affordable base rent of only $2,250/month plus TMI and HST. A rare chance to establish or expand your business in a sought-after commercial location.
Sold data
Other homes in London East (East H) — recent sold market
Other homes in London East (East H) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $575,000.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 21
- Median sale price
- $575,000
- Sale-to-list ratio
- 97.8%
- Sold above asking
- 19%
Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East H)
London East (East H) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East H)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
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